Open AccessReturn to Education Estimation on Self-Employment Entrepreneurs and Their Comparison with Workers in Indonesia
Author(s) -
Dwi Wahyudi,
Muhammad Hanri
Publication year - 2022
Publication title -
proceedings of international conference on data science and official statistics
Language(s) - English
Resource type - Journals
ISSN - 2809-9842
DOI - 10.34123/icdsos.v2021i1.183
Subject(s) - entrepreneurship , estimation , self employment , investment (military) , gini coefficient , demographic economics , inequality , labour economics , economics , value (mathematics) , economic inequality , business , statistics , political science , mathematics , management , finance , mathematical analysis , politics , law
Entrepreneurship in various pieces of literature is mentioned as one aspect that adds value to a country's economy. Using Sakernas August 2019 data and the Mincer income model, this study estimates the educational investment in self-employed entrepreneurs. The results show a positive effect between years of schooling and income earned. Compared to workers, the level of assessment of entrepreneur education looks lower. In addition, this study also looks at how income among entrepreneurs. The Gini coefficient shows 0.47 for self-employed entrepreneurs and 0.41 for workers. There is a sizeable amount of income inequality for self-employed entrepreneurs.